29.06.2020 Monday, 8.43 am 

Hi Readers

What has happened on Friday? Nifty Index contrary to our expectation opened with a gap up at 10378.90, which was our resistance band i.e., 10330-10360 further, it made a day high near our resistance level i.e, 10410, made a day high 10409.85, thereafter, the Index witnessed a sell-off till 10318 then the Index traded between 10390-10311 with volatile cum consolidation move, made a day low 10311.25, further the late hour move lifted the Index till day high and closed the Index at 10383 on a positive note. 

What will happen today? Nifty Index may open on a negative note with mild gap down by tracking the global indices to test 10310-10270-10245 if open, trade and sustain below 10245 then, it may test 10220-10195-10170-10145-10110-10050-9970-9845. Likewise, the immediate resistance seen at 10335-10360, if trade and sustain above 10360 then, it may re-test 10410-10450-10480-10510-10550-10660.

Special Mention: Nifty Index sell-off not broken our support level i.e 10200 rather, it tried to surpass above 10410 on Friday, but unable to do so, today the Index try to take support 10260-10200, if fails to trade above 10200 and break below 10195 then, the wekaness  may drag the Index till 10150-10070-9970 levels very soon, at the same time any upmove is possible only, when the Index surpass once again 10410-10550 and the close above 10330 it must for today and tomorrow to re-test 10550 in the near term, it looks the Index may consolidate between 10550-10000 levels for some more time. The volatility may be in raising mode today and tomorrow since, month and quarterly end falls tomorrow.

Trading Strategy: The Investor/trader may re-invest at 10000-9800 levels in the Nifty 50 stocks for a short term gain around 5-10%. This is a traders market, to trade for short term gains, rather to wait for long term basis. 

Further details please do call us on 98410 48022 or contact thro' whatsapp: 99624 70636. Please read carefully, the Disclaimer published on the Disclaimer page. Wishing you for a safe and secured trading.